Author: Arabian Media staff
Image: Supplied Saudi Aramco has signed a joint development agreement with US industrial group Honeywell (HON.O) and King Abdullah University of Science and Technology (KAUST) to advance a new technology for converting crude oil directly into chemicals. The deal aims to cut the cost of crude-to-chemicals (CTC) processes and increase the value extracted from each barrel of oil by producing light olefins and other high-demand products. The companies said the approach could improve fuel efficiency, carbon utilisation and overall process economics. “This collaboration with Honeywell UOP and KAUST furthers Aramco’s efforts to drive innovation and shape the future of petrochemicals,”…
Image: Dubai Media Office Dubai Electricity and Water Authority (DEWA) has signed a long-term partnership with Fortinet, a global leader in cybersecurity, network solutions, and firewalls, as part of its ongoing efforts to safeguard digital assets and enhance smart infrastructure. The agreement was signed during the 27th Water, Energy, Technology and Environment Exhibition (WETEX), hosted by DEWA at the Dubai World Trade Centre from 30 September to 2 October 2025. The signing took place in the presence of HE Saeed Mohammed Al Tayer, MD & CEO of DEWA, alongside senior officials. Representing both sides, Hussain Lootah, executive vice president of…
Saudi Arabia’s Capital Market Authority called for public consultation on opening its main stock market to all categories of non-resident foreign investors and enabling them to directly invest in it, the regulator said on Wednesday. If approved, the draft would scrap the Qualified Foreign Investor system in the main stock market, enabling all foreign investors to participate without meeting eligibility rules, and would also end swap agreements, allowing non-resident foreigners to directly invest in listed shares, it added. Source link
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Amortization vs. Depreciation: An Overview An asset that’s acquired by a company might have a long, useful life. It may provide benefits to the company over time, not just during the period in which it’s acquired. Amortization and depreciation are two main methods of calculating the value of these assets whether they’re company vehicles, goodwill, corporate headquarters, or patents. The cost of business assets can be expensed each year over the life of the asset to accurately reflect its use. The expense amounts can then be used as a tax deduction, reducing the tax liability of the business. The key difference between…
Key Takeaways Buffett urges investors to stick to a “circle of competence,” investing only in businesses they fully understand. His top priority is a company’s durable competitive advantage, not trends, forecasts, or buzzwords. Warren Buffett, revered for turning Berkshire Hathaway Inc. (BRK.A, BRK.B) into a global powerhouse, credits his success not to complexity, but to discipline. “You don’t have to be an expert on every company, or even many,” he wrote in a 1996 letter to Berkshire Hathaway shareholders. “You only have to be able to evaluate companies within your circle of competence. The size of that circle is not…
(Note: The author of this fundamental analysis is a financial writer and portfolio manager. He and his clients own shares of GOOGL and MSFT company.) Key Takeaways Amazon’s AWS Growth: Amazon’s cloud segment, AWS, displayed remarkable growth with a nearly 50% increase in sales in 2018, bringing in about $26 billion. This makes AWS crucial to Amazon’s overall profitability, contributing nearly 60% of the company’s operating income.Microsoft’s Balanced Portfolio: Microsoft’s cloud business, part of its Intelligent Cloud unit, constituted 30% of the company’s $110.3 billion sales in fiscal 2018. This unit contributed over 32% of Microsoft’s operating income, demonstrating a…